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Originally Posted by Wagner
I've first hand witnessed appraisers up values by 10-15K because a lender asked for it. That is falsifying value.
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$10k on a $500,000 house is what, 2% or so. That can easily be justified by just about anything: How green the grass looks, is there a fresh coat of paint in the garage, is there a full roll of toilet paper in the bathroom..
Appraisers work off comps and judgement.
Where I live, there are homes that sell for $300 sqft. that are right next to homes that sell for $700 sqft.
So if you have a 3000sqft. home your home could be valued between $900,000 and $2.1 mil depending on how new it is, views, property, amenities, schools, etc.
So the idea that changing a price by $10k-$15k for whatever reason, is not by any means out of line. Even hundreds of thousands of dollars could be justified.
Again, the price is set by the buyer and seller, the appraiser only acts to approve or disapprove.. And I see no reason why asking an appraiser to up the value by X amount because of XYZ is unreasonable...